Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Up 705.7% in April

Chijet Motor Company, Inc. (NASDAQ:DCX) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 99,934 shares, an increase of 705.7% from the April 15th total of 12,403 shares. Based on an average trading volume of 1,432,150 shares, the short-interest ratio is presently 0.1 days. Approximately 50.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Chijet Motor Stock Performance

DCX stock traded down $0.07 during trading on Tuesday, reaching $2.23. The stock had a trading volume of 7,157 shares, compared to its average volume of 550,757. Chijet Motor has a 1-year low of $1.43 and a 1-year high of $3,432.00. The firm has a fifty day moving average price of $1.91 and a 200 day moving average price of $580.15.

Chijet Motor (NASDAQ:DCX) last released its earnings results on Thursday, April 30th. The company reported $1,035.89 EPS for the quarter. The business had revenue of ($0.27) million for the quarter.

About Chijet Motor

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.